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Prime opportunity to acquire a fully income-producing 3-family with strong rents, off-street parking and the added option to purchase the adjacent mixed-use property at 43 Broad Street, creating a rare side-by-side investment opportunity near Lynn's Diamond District and shoreline. Each unit offers 3 bedrooms and 1 full bath and is currently rented for $3,200/month, generating $9,600/month / $115,200 annually in gross rent. The property also features a full basement, rear decks/covered outdoor space and 6 off-street parking spaces. Ideal for an investor looking to expand a portfolio or a future owner-occupant seeking to offset housing costs with rental income. All residential units are currently occupied by tenants at will. The neighboring 43 Broad Street is also available separately for $749,900, offering a first-floor convenience store with a long-term lease, a 3-bedroom residential unit and 4 off-street parking spaces. Conveniently located near Lynn's Diamond District, Lynn Shore Drive and Lynn Beach, with easy access to public transportation, MBTA bus service, the Lynn commuter rail station, shopping, parks and major routes. Property sold as-is; buyer/buyer's agent to perform due diligence.

More Info

Basic Information

  • Gross Income $115,200
  • Listing Terms Contract
  • Lot Features Level
  • Mls StatusNew
  • Parcel Number M:0082 B:0599 L:0023,2002808

Tax Information

  • Tax Assessed Value $1,306,000
  • Tax Year 2026
  • Taxes$13,452

Parking

  • Parking Features Off Street
  • Parking Spaces6

Rooms

  • Bathroom3
  • Bathrooms Total Decimal 3
  • Bedrooms6
  • Full Bath3

Basic Information

  • List Price$1,249,900
  • MLS Number73585149
  • Modification Date10/02/2026
  • Property SubType3 Family
  • Virtual TourView Tour

Location

  • Address47 Broad Street
  • Building Number47
  • CountyEssex
  • StateMA
  • StreetBroad Street
  • TownLynn
  • Zip01902

Building

  • BasementFull
  • Building Area Units Square Feet
  • Construction Materials Frame
  • FoundationStone
  • Levels 3
  • Patio And Porch Features Deck, Covered
  • Rooms17
  • Stories3
  • Units3
  • Utilities For Gas Range, For Electric Range, Varies Per Unit
  • Year Built1835
  • Year Built Details Actual
  • Year Built Source Public Records

Property

  • Acreage0.13

Interior

  • Flooring Tile, Varies, Laminate
  • Interior Features Living Room, Kitchen

Exterior

  • RoofShingle

Utilities

  • Electric Circuit Breakers
  • Sewer Public Sewer
  • Water Source Public

Property Information

  • Building Area Source Public Records
  • Living Area 4,671
  • Lot Size Square Feet 5,628
  • Lot Size Units Acres
  • Square Feet4,671

Amenities

  • Appliances IncludedRange, Dishwasher, Refrigerator, Range Hood, Microwave
  • Other AmenitiesBasement

Water Body

  • Miles to Beach1
  • Waterfront Features Ocean,1/2 to 1 Mile To Beach, Beach Ownership(Public)

Other

  • Date Listed10/01/2026
  • Farm Land Area Units Square Feet

Map Location

Driving Directions

Listed by The Lopes Group of J. Barrett & Company

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